CPP, Explained - Everything You Need To Know About The Canada Pension Plan (CPP vs OAS)

I've been fortunate to incorporate the Canada Pension Plan (CPP) into my retirement strategy, and it has been a game-changer for securing my financial future. Diversifying your investments, including CPP, is key to building wealth over time. Big ups to everyone working hard trying to earn a living while building wealth. I’m 63 and my husband 65 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money,saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income...

I just binged a few of your videos and I’m impressed and now subscribed. You deserve more likes than you currently have. I’m a Canadian who has lived in the US for over a decade and I went searching for info on whether I would still qualify for CPP and OAS. I’m 50 now and thinking 10-15 years ahead.

So what happens to CPP when the US dollar becomes Canadian Tire money?

Thank you

Hi great info To be clear If i take my cpp at age 65 How many yrs till it ends? And could I take a lump sum ? Thanks

Hi Great Video! Question? I have taken CPP at 60 but still working to 65. So i my am still paying in! because i am still paying in is there a formula to work out from CRA how much the next year it be. The Down size is i never made Maxima CPP never had all my years! Still like to work out how much even if only a few Dollars More! it be thank for your time Dave

Thanks for this video! I’ve always been curious about CPP. 25% mandatory going to CPP and then they tax us on our own money when we go to use it. That’s what I got out of this video😖

Love that lipstick. Which one is that?

Well this confirms I won't get the full amount and the years my income was extremely low due to low net profit (self-employed) and ODSP those numbers are worst then what I get from ODSP today.

This was SUPER helpful, thank you!! I am starting my first full time permanent role out of school next month and have now started researching how to seriously start saving for retirement. This really cleared up the CPP for me - I'd love to know your other recommendations for investing for retirement :)

Does the amount of money you have in your RRSP account affect your CPP earnings during retirement?

Sander your breath?

So wait, if my mom arrived to Canada at 47 and wouldn't have been contributing for 40 years to CPP by the time she retires, does that mean shes not eligible then? 😢

The video was very helpful, can you please make a video on whether we should maximize our contributions in these plans or invest elsewhere?

Great video! I only started earning the max once I turned 23. Can we make additional investments for the first 5 years from 18-22, that I didn't max my contributions?

Great video!

Great videos guys not even close to retirement but at least it’s some good information for me in the way future 😂